Swedbank AB (publ) (OTCMKTS:SWDBY) Share Price Passes Above 50-Day Moving Average – Time to Sell?

Swedbank AB (publ) (OTCMKTS:SWDBY) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of SEK 20.91 and traded as high as SEK 23.77. Swedbank AB (publ) shares last traded at SEK 23.68, with a volume of 8,500 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Barclays cut Swedbank AB (publ) from a “hold” rating to a “strong sell” rating in a research note on Monday, February 3rd.

Swedbank AB (publ) Stock Performance

The business has a fifty day simple moving average of SEK 20.91 and a two-hundred day simple moving average of SEK 20.60. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.50 and a quick ratio of 1.50. The company has a market cap of $26.65 billion, a PE ratio of 8.08, a price-to-earnings-growth ratio of 0.90 and a beta of 0.92.

Swedbank AB (publ) (OTCMKTS:SWDBY) last posted its earnings results on Thursday, January 23rd. The financial services provider reported SEK 0.70 earnings per share for the quarter. Swedbank AB (publ) had a return on equity of 17.32% and a net margin of 23.64%. Research analysts anticipate that Swedbank AB will post 2.3 earnings per share for the current year.

Swedbank AB (publ) Company Profile

Swedbank AB (publ) provides various banking products and services to private and corporate customers in Sweden, Estonia, Latvia, Lithuania, Norway, the United States, Finland, Denmark, Luxembourg, and China. The company operates through three business areas: Swedish Banking, Baltic Banking, and Corporates and Institutions.